constructing excellence - An Overview

constructing excellence - An Overview

Blog Article

widespread property Local community property mental property particular property property destruction property damage insurance policy property proper property tax community property

Review tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and spouse specifically : property Particularly from employment acquired by either wife or husband immediately after relationship that is definitely deemed in states aquiring a Group property process to belong to both equally spouses as undivided one particular-50 percent passions

in the corporation : property belonging to a particular person — qualified terminable desire property : property passing to your surviving wife or husband that qualifies for that marital deduction In case the executor so elects offering that the wife or husband is entitled to get revenue in payments produced at least on a yearly basis for life Which not one person has a power to appoint any part of the property to any person apart from the surviving wife or husband

see also antenuptial settlement Notice: In most states, on divorce marital property is divided according to exactly what the court docket determines is equitable. — movable property : property (as personal property or crops) that could be moved — private property : property (as being a auto) that is definitely movable but not including crops or other means even now attached to land : property aside from real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other assets nonetheless hooked up to or inside the land or advancements or fixtures completely connected into the land or possibly a construction on In addition it : an fascination, benefit, suitable, or privilege in this kind of property

called also immovable property — individual property : property of the spouse that isn't Group property or marital property Specially : property acquired by a partner right before marriage or separately in the course of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic price because of it the insurance policies policy restricted property harm coverage to tangible property

These illustrations are programmatically compiled from numerous on the web resources As an example latest use from the term 'property.' Any opinions expressed while in the illustrations do not depict Those people of Merriam-Webster or its editors. Send us opinions about these illustrations.

— marital property : property acquired by either spouse through the study course of the relationship that is topic to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — abandoned property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner gives up the sensible expectation of privateness about it. The finder of deserted property is entitled to keep it, as well as more info a law enforcement officer may perhaps choose possession of deserted property as evidence without having violating the assurance versus unreasonable searches and seizures within the Fourth Amendment for the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that's ordinarily considered part of the individual bankruptcy estate : property obtained following the perfection of a lien or protection curiosity Particularly : this sort of property acquired following the development of the lien or stability fascination that is certainly matter towards the lien or becomes collateral for the security interest : property transferred to the estate of the decedent after execution of the will — common property : property owned or used by more than one party particularly : property owned or leased by tenants in common

ownership in indivision at possession Take note: The states obtaining Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, within the civil regulation of Louisiana : tracts of land with their part areas — intangible property : property (being a stock certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting heat character relates to a peculiar and exclusive high quality of the issue or a class.

a : an excellent or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A further object or over the senses c : advantage sense two d : an attribute widespread to all associates of a class

a : anything owned or possessed particularly : a bit of real estate b : the distinctive correct to have, enjoy, and eliminate a factor : possession c : some thing to which anyone or organization features a lawful title d : 1 (for instance a performer) who's under deal and whose function is very useful e : a book or script ordered for publication or manufacturing

property indicates a characteristic that belongs into a detail's important mother nature and will be made use of to describe a sort or species.

see also QTIP believe in at have faith in Note: Beneath federal tax law the property has to be A part of the gross estate of the surviving partner at her or his have Loss of life, wherever it's subject matter to taxation.